Insurance Journal

Clear Group Acquires UK Commercial Broker, C.R. Toogood & Co.

The Clear Group, he London-based insurance intermediary, announced the acquisition of C.R. Toogood & Co. Ltd., a commercial insurance broker based in East Horsley, Surrey, UK. Financial details of the deal were not disclosed. Clear said this stra...

Posted: Jun 19, 2025

Mideast Ship Insurance Costs Jump Following Iran-Israel Attacks

The cost of insurance for ships sailing in the Persian Gulf jumped as attacks between Iran and Israel raised risks for vessels in the area. Underwriters are now charging 0.2% of the value of a ship for calls into the …

Posted: Jun 19, 2025

Planetary Waves Linked to Wild Summer Weather Have Tripled Since 1950: Study

Climate change has tripled the frequency of atmospheric wave events linked to extreme summer weather in the last 75 years and that may explain why long-range computer forecasts keep underestimating the surge in killer heat waves, droughts and floods,...

Posted: Jun 19, 2025

US Plans Texas Facility to Stop Flesh-Eating Cattle Pest

The US Department of Agriculture announced a plan to open an $8.5 million facility in South Texas to combat the spread of the New World screwworm, a flesh-eating bug that is deadly to cattle. The facility, expected to be completed …

Posted: Jun 19, 2025

Illinois Manufacturer to Pay $520K Settlement Over Clean Air Act Violations

The U.S. Environmental Protection Agency announced a settlement with manufacturer Eakas Corp. for alleged Clean Air Act emissions violations at the company’s facility in Peru, Illinois. The company will pay $520,200 in penalties. Eakas produces...

Posted: Jun 19, 2025

Oklahoma Insurance Department Expands Second Pilot Launch of Fortified Grants Program

The Oklahoma Insurance Department said that it has expanded its second pilot launch of OKReady, a program that allocates up to $10,000 in grant funds to residents to strengthen homes to the IBHS Fortified standard. OID announced that eight new &#8230...

Posted: Jun 19, 2025

Oklahoma Expands Second Pilot Launch of Fortified Grants Program

The Oklahoma Insurance Department said that it has expanded its second pilot launch of OKReady, a program that allocates up to $10,000 in grant funds to residents to strengthen homes to the IBHS Fortified standard. OID announced that eight new &#8230...

Posted: Jun 19, 2025

South Padre, Texas Officials Worried About Potential FEMA Cuts

In the wake of the Trump administration’s announced plans to cut back on federal disaster spending, South Padre Island officials are concerned their beaches will be left vulnerable should a storm hit this hurricane season. City staff alerted Ci...

Posted: Jun 19, 2025

Spain Reveals Details of Chain Reaction That Caused Outage

Spain’s most-detailed account yet of the missteps leading to April’s nationwide blackout failed to fully explain why the power grid was so unstable in the first place. Over 182 pages, including redactions that blot out the names of compan...

Posted: Jun 19, 2025

Brookfield’s Insurer Trims Private Credit, Citing Crowded Trade

Brookfield Corp.’s insurance unit has pulled back from investments in private credit as surging demand from rival bidders pushes yields down. Brookfield Wealth Solutions started to reduce its allocation to private credit six months ago, and is...

Posted: Jun 19, 2025

Former Ohio Doctor Loses Defamation Lawsuit Against Ex-Employers

A former Ohio doctor who was fired before being found not guilty on murder charges in the deaths of 14 patients lost a defamation lawsuit against his former employers on Monday, after a judge stepped in for a jury on …

Posted: Jun 19, 2025

US Supreme Court Sets Test for Which Courts Can Hear EPA Cases

The U.S. Supreme Court established rules of the road on Wednesday to determine when lawsuits challenging actions by the U.S. Environmental Protection Agency related to air pollution and greenhouse gas emissions should be heard by regional appeals cou...

Posted: Jun 19, 2025

Iran-Israel Conflict Spreads to Hacks on Banks, Crypto

The conflict between Israel and Iran is spilling over into the digital world, inflaming a decades-long campaign of hacks and espionage between two nations renowned for their cyber prowess. On Tuesday, a pro-Israel hacking group claimed responsibility...

Posted: Jun 19, 2025

New Jersey High Court Allows Clergy Sex Abuse Grand Jury Opposed by Diocese

New Jersey can have a grand jury examine allegations of clergy sexually abusing children, the state’s Supreme Court ruled Monday, after a Catholic diocese that had tried for years to block such proceedings recently reversed course. The Diocese...

Posted: Jun 19, 2025

Waymo Expands Robotaxi Services Into More Parts of San Francisco Bay Area

Waymo will expand into more areas of the San Francisco peninsula and parts of Silicon Valley, as the sole commercial robotaxi operator in the U.S. seeks to scale up operations, the Alphabet unit said on Tuesday. The self-driving technology firm &#823...

Posted: Jun 19, 2025

Alex Jones Accused of Hiding Assets as Sandy Hook Families Seek Payment

The trustee overseeing Infowars host Alex Jones’ personal bankruptcy case is accusing the far-right conspiracy theorist of trying to shield more than $5 million from creditors, including relatives of victims of the 2012 Sandy Hook Elementary Sc...

Posted: Jun 19, 2025

$20 Million Travelers Golf Championship Tees Off Today in Connecticut

The 2025 Travelers Championship gets underway Thursday, June 19 at TPC River Highlands in Cromwell, Connecticut. All 72 players in this year’s tournament will compete for four rounds. The Travelers Championship offers a $20 million purse, with...

Posted: Jun 19, 2025

UBS Confirms Data Stolen After Hack at External Supplier

UBS Group AG said that information about the company had been stolen in a cyber attack on one of its suppliers, following a report a Swiss newspaper that data on more than 130,000 employees had been subject to a hack. …

Posted: Jun 19, 2025

Inszone Insurance Services Acquires Evers Insurance LLC

Inszone Insurance Services acquired Evers Insurance LLC in Cave Creek, Arizona. Evers Insurance specializes in commercial insurance, particularly in the garage and auto dealer industries. It was founded in 2011 by Britt Evers. Jake Evers also contrib...

Posted: Jun 19, 2025

Viasat Identified as Victim in Sweeping Phone Hack Tied to China

Viasat Inc. is the latest US communications company identified as a victim of the sweeping surveillance hack blamed on the Chinese government that emerged during last year’s presidential campaign, according to people familiar with the matter. T...

Posted: Jun 18, 2025

LA Mayor Lifts Downtown Curfew She Imposed During Protests

Downtown Los Angeles businesses hoped customers would return quickly after Mayor Karen Bass lifted a curfew she had imposed last week to prevent vandalism and break-ins during nighttime protests against President Donald Trump’s immigration crac...

Posted: Jun 18, 2025

Justices Back Temporary Texas Nuclear Waste Storage Site

The US Supreme Court left intact a federal plan to store as much as 40,000 tons of highly radioactive waste at a temporary site in west Texas over the objections of local landowners and oil and gas operators. Voting 6-3, …

Posted: Jun 18, 2025

Carnival Cruise Lines Not Liable for Teen’s Sexual Assault on Ship, Appeals Court Finds

Carnival Cruise Lines could not have foreseen a sexual assault on a teenager, despite a lack of security presence at the time, the sneaking of booze on to the ship by an alleged assailant, and reports of more than 100 …

Posted: Jun 18, 2025

Parametric Insurer Descartes Receives Investment From Battery Ventures

Descartes Underwriting, the Paris-based parametric insurer for climate and emerging risks, announced a strategic investment by Battery Ventures, a technology-focused investment firm. Financial details of the investment were not disclosed. The transac...

Posted: Jun 18, 2025

People Moves: Liberty Mutual Names Bhatnagar President, GRS Major Accounts; Geary Hired as TMHCC CEO...

Liberty Mutual Insurance Appoints Bhatnagar President, Major Accounts, GRS North America; Fallon Announces Retirement Liberty Mutual Insurance, headquartered in Boston, named Neal Bhatnagar president, major accounts, of Global Risk Solutions (GRS) No...

Posted: Jun 18, 2025